OKR template to surpass annual operation plan and meet free cash flow target
This OKR's overarching goal is to surpass the annual operation plan while also meeting the free cash flow target. Two key results serve to enhance incoming funds; They intend to reduce accounts receivables by improving collection processes and boost revenue by 20% to improve free cash flow.
The first initiative uses stricter credit control procedures, faster escalation of overdue accounts, and streamlined invoice procedures to manage and reduce receivables. The second initiative focuses on increasing revenue through the introduction of new services or products, aggressive marketing and sales strategies, and upselling to current customers.
In addition to improving revenue, the OKR also aims to reduce operational expenses by 10% to ensure positive cash flow. Strategic steps, such as the renegotiation of vendor contracts, identification and mitigation of budget waste, and implementation of cost-saving tech improvements, have been outlined to achieve this.
Overall, these changes aim to establish sound fiscal control and improve the company's financial health. Through a stringent collection process, aggressive sales strategies, and careful expense control, the company plans to surpass its annual operational plan while maintaining its free cash flow target.
The first initiative uses stricter credit control procedures, faster escalation of overdue accounts, and streamlined invoice procedures to manage and reduce receivables. The second initiative focuses on increasing revenue through the introduction of new services or products, aggressive marketing and sales strategies, and upselling to current customers.
In addition to improving revenue, the OKR also aims to reduce operational expenses by 10% to ensure positive cash flow. Strategic steps, such as the renegotiation of vendor contracts, identification and mitigation of budget waste, and implementation of cost-saving tech improvements, have been outlined to achieve this.
Overall, these changes aim to establish sound fiscal control and improve the company's financial health. Through a stringent collection process, aggressive sales strategies, and careful expense control, the company plans to surpass its annual operational plan while maintaining its free cash flow target.
Surpass annual operation plan and meet free cash flow target
Improve collections process to reduce accounts receivables by 15%
Implement stricter credit control procedures- Escalate overdue accounts faster
- Streamline invoice issuance and follow-up systems
- Increase sales revenue by 20% to boost free cash flow
- Innovate and introduce new revenue-generating services or products
- Develop and implement aggressive marketing and sales strategies
- Prioritize upselling and cross-selling to current customers
- Cut operational expenses by 10% to ensure positive cash flow
- Renegotiate vendor contracts for better pricing
- Identify areas of budget waste to mitigate unnecessary spending
- Implement cost-saving technology improvements